Large businesses have big budgets for marketing and promotion and as a result, people gravitate towards buying their products. What problems does this cause? What could be done to encourage people to buy local products?

Big businesses always try to attract customers through marketing and cause a major problem for small or local businesses.

This

essay discusses the major problems caused by

this

including the disappearance of local businesses gradually and the monopoly of big companies.

Besides

, the essay

also

suggests appropriate solutions to address

this

epidemic. One of the major problems caused by extensive marketing and advertising by big businesses is a threat to the very existence of small businesses.

For example

, Walmart recently opened a new pharmacy store in Roseville, MN, and advertised about the opening of several media channels. According to the reports,

this

affected the sales of local stores by around 50%. Another problem is due to the availability of excess money, big companies can buy several local stores and monopolize the product.

For instance

, Amazon recently acquired Whole Foods because they thought Whole Foods could affect their business. Right now, Whole Foods sells only Amazon's products. There are several ways in which people can be encouraged to buy local brands.

Firstly

, the government should allocate sufficient funds to encourage local brands in a form of subsidized loans, free locations for rent, and daily monitoring.

Secondly

, individuals should play their part in making sure that they encourage local brands.

For instance

, rather than buying a big company's product, they should try local products and review them on Google. Rating and reviews play a major role in improving the sales of a product. Definitely, big businesses are always a huge competition for local businesses and can pose a major threat to their survival.

Nonetheless

, these problems can be solved through appropriate actions by the government and people.